For many young people, getting a big tax return is like Christmas in the Spring- a windfall you can use to pay off debt, invest, or throw at a big-ticket item. A lot of people treat it like found money, or a fun, beginning of the year bonus. Except it’s not. When the IRS gives you a solid chunk of change (and the average tax refund is about $2,800), what they’re really giving you is your money, back, after an entire year of using it interest free.
We’re less than a month away from the tax deadline—if you haven’t filed yet, we’d like to encourage you to make the most of your tax return. Many young people aren’t even aware of how many deductions are out there, let alone taking advantage of them. What’s the First Step? For starters, you’ll only want […]
Bad credit score? You’re not alone, especially if you’re under 30–according to a new study by Nerd Wallet, millennials have the lowest average credit score of any age demographic. If you want to boost your credit score, or just stop hemorrhaging funds in interest and late payments, watch out for these three common mistakes. […]